Practice Of PPP Project Securitization In China’s Public Transport Facilities

With the improvement of the level of urbanization in our country,public transport facilities as to further promote the construction of urbanization important foundation support,communication plays an essential effect on economic construction and national happiness index.Because the construction of public transport facilities often requires a lot of upfront capital,and the payback period is quite long,so the traditional sense,relying solely on government financial support for the construction mode is difficult to continue,with further promotion of PPP model for the future of public transport more facilities will lead to a joint government-related construction enterprises set up the way PPP project implementation.But in China’s capital market is not perfect,PPP model is often caused by the project after the completion of the project side accumulated assets and liabilities Accounts receivable and high prices seriously affected the business in the capital market and credit conditions,the direct financing of new projects and drag construction.The asset securitization as a new financial innovations may be relatively illiquid asset securitization way to improve liquidity,and solve the problem of high corporate debt ratio.Combined with foreign public transport facilities PPP project for the use of asset securitization vehicles,this paper argues asset securitization is an effective tool to solve the problem of Dalian Road Tunnel Company.In view of this,the paper with case studies based on expansion of Dalian Road Tunnel Company implemented securitization background,motivation,process design,effects and potential risks of a detailed analysis to case studies focus,try to public transport PPP projects project company to explore a securitization way to solve the liquidity assets,and gives our public transport PPP projects on the basis of the implementation of securitization may refer recommendations.